Titlebook: Africa in the Global Economy; Capital Flight, Enab Gorden Moyo Book 2024 The Editor(s) (if applicable) and The Author(s), under exclusive l

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https://doi.org/10.1007/978-1-4612-0995-9 singles out predatory lending as a tool in the hands of global capital that is perennially deployed to subjugate African economies. He concludes that unless there is a radical reworlding and transformation in the workings of the global financial architecture, the debt burden will continue to wreck

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https://doi.org/10.1007/978-1-4612-0995-9ecological destruction. Moyo stresses that the proposed solutions to climate financing such as green bonds, nature swaps, blue bonds, catastrophe bonds, and nature performance bonds are predominantly techno-managerial and they are pursued within the neo-liberal system which is itself guilty of perpe

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https://doi.org/10.1007/978-3-319-15744-3n companies that connive with corrupt African elites in decapitalising the continent. It should also involve attention paid to the entire ecosystem of the offshore world economy, including banks that facilitate the illicit transfer of funds and regulators in advanced countries who turn a blind eye o

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Introduction: Entrapment of Africa in an Asymmetrical Global Economy,nternational Monetary Fund, the World Bank, the World Trade Organisation, Multinational Corporations, the International Credit Rating Agencies, and the World Economic Forum as enablers and beneficiaries of capital flight and global financial subordination. He argues that these global institutions ar

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World Bank, IMF, and WTO as Agents of Financial Imperialism, inclusive participation, while, at the same time being the chief architects of financial imperialism that generates debt slavery, poverty, and inequality in Africa. Moyo also argues that contrary to the narrative which claims that the BRICS (Brazil, Russia, India, China, and South Africa) countries

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The Tyranny of International Credit Rating Agencies (ICRAs),pter by stressing that the African Union (AU) should lead the process of establishing a reputable Pan-African Credit Rating Agency that will professionally serve the interest of African economies and the rest of the Global South clients that are currently short-changed by imperial rating agencies.

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Global Financial Subordination and the Pathologies of Sovereign Debt, singles out predatory lending as a tool in the hands of global capital that is perennially deployed to subjugate African economies. He concludes that unless there is a radical reworlding and transformation in the workings of the global financial architecture, the debt burden will continue to wreck

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